Improving procurement efficiency

How a BOM tool can help source your electronic components

As a purchaser for a CM or an OEM, you’re probably familiar with the huge amount of pressure you’re under to ensure the right components are available for the right teams at precisely the right moment. There’s very little room for manoevre or error when it comes to the fast-paced and demanding manufacturing industry and if you’re still using traditional methods of sourcing your electrical components, then you’re already at risk of falling behind your competitors.

Sourcing your entire Bill of Materials can be time-consuming, with numerous stages to handle including requesting quotes or RFQs, juggling various parts from different suppliers, arranging shipment and delivery slots, and returning to each supplier to compare quotes and offers simply isn’t practical. However, thanks to Sourcengine and their revolutionary BOM tool, you can maintain a stronghold on your BOM management responsibilities and streamline the entire procurement process. 

Here we’ll explore how a BOM tool can help you source your electronic components. Read on to find out more. 

Find the best quote, instantly

Purchasing means spending large amounts of precious time, going from one supplier to another, searching for the right price. Now with Sourcengine’s BOM tool, you can quickly upload your BOM and have all the best prices found for you within seconds. Sourcengine’s extensive library of reputable suppliers means you can choose the right price for your business within seconds, comparing prices every step of the way. 

Quotes are fully customizable

For some businesses, it’s not always about the price. Perhaps you have a particular vendor in mind, or you’re more preoccupied with delivery and shipment times, whatever your criteria may be, the BOM management tool gives you complete control over what quotes come up in your fully tailored results, helping you make a fully informed choice across thousands of vendors, every time. 

No more bottleneck supply chains

Whether you’re purchasing one component or your entire BOM spreadsheet, you can then rely on the freedom and secure shipment and delivery of your chosen purchases. Without worrying about blocked or bottlenecking supply chains. This revolutionary BOM management tool uses strategic logistic processes to ensure you get what you need, as and when you need it. Helping you keep on top of your BOM management responsibilities.  

Warranties and cover

Any purchase can be considered a calculated risk. Especially if you’re dealing with a new vendor. Thanks to this BOM management tool, you’re not only working with reputable and 100% traceable suppliers, but every component purchased through Sourcengine is covered by a 3-year warranty, giving you added peace of mind. Thanks to Sourcengine’s rigorous rating system, you’ll only deal with vendors who are capable of fulfilling your BOM demands 24 hours a day, 365 days of the year, no matter where you are in the world – this means you can shop with complete confidence.

Final thoughts…

It’s clear that the entire procurement process can be streamlined by using a BOM tool. So, check out Sourcengine today to sign up to their BOM management tool for free!